Peter P. Gassner - Dec 21, 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: Chief Executive Officer, Director
Signature: /s/ Jonathan Faddis, attorney-in-fact
Stock symbol: VEEV
Transactions as of: Dec 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/22/2022, 08:46 PM
Previous filing: Dec 20, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VEEV	Class A Common Stock	Conversion of derivative security	$0	+139K		$0.00	139K	Dec 21, 2022	Direct	F1
transaction	VEEV	Class A Common Stock	Gift	$0	-139K	-100%	$0.00^*	0	Dec 22, 2022	Direct	F2
holding	VEEV	Class A Common Stock						41K	Dec 21, 2022	By family member	F3
holding	VEEV	Class A Common Stock						41K	Dec 21, 2022	By family member	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VEEV	Class B Common Stock	Conversion of derivative security	$0	-139K	-1.06%	$0.00	13M	Dec 21, 2022	Class A Common Stock	139K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
F2	This was a bona fide gift with no payment in consideration. Transactions exempt from Section 16(b) of the Act pursuant to Rule 16b-5 promulgated under the Act.
F3	The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4	Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect after the closing of the IPO. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023.